For the third consecutive month, Maryland had the second-highest foreclosure rate in the nation.
According to RealtyTrac, a real estate data firm, one in every 624 homes in the state had a foreclosure note filed. Florida retained the top ranking with one in every 400 homes with a foreclosure filing. The top five were rounded out by Delaware, Indiana and New Jersey.
That’s in conjunction with the Mortgage Bankers Association’s National Delinquency Survey reporting the Baltimore metro area was the only one in the nation to have an increase in new foreclosures over the fist quarter of 2013.
But there was some silver lining in the survey. Maryland’s delinquency rates declined to the lowest level in more than five years and the largest quarterly decline in a decade.
Jurisdictions in Maryland with the highest foreclosure rate:
Baltimore: one in every 361 homes
Caroline: one in every 365 homes
Prince George’s County: one in every 430
Charles County: one in every 459
Anne Arundel County: one in every 468